AGNEFESTVEIEN AS: årsregnskap 2017 vs 2016
Weaker earnings, cash halved-plus
approved 2018-05-16; registry 2018-06-12; journal 2018 459209
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AGNEFESTVEIEN AS. Revenue 375.5k NOK → 371.5k NOK (-1.1%). Net result -55.8k NOK → -112.2k NOK. Equity 182.0k NOK → 7 NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGNEFESTVEIEN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 375.5k NOK to 371.5k NOK (-1.1% YoY). Calculated
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↓
Operating result weakened
Operating result +347.0k NOK → +294.9k NOK (op. margin 92.4% → 79.4%). Calculated
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↓
Net result weakened
Net result -55.8k NOK → -112.2k NOK (net margin -14.8% → -30.2%). Calculated
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↓
Equity eroded
Book equity 182.0k NOK → 7 NOK (equity ratio 1.5% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 29.8k NOK → 1 974 NOK (-93.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation